Home › Forums › Financial Markets/Economics › State of the Union
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January 12, 2016 at 6:06 PM #21841January 12, 2016 at 6:26 PM #793173spdrunParticipant
This country has never gone > 10 years without a recession. I’m hoping for the cycle to provide more “opportunity” soon. Didn’t create it, but riding it or hoping for a buying opportunity isn’t shameful.
Also, I think some of the innovations coming out of Sillycu*t Valley like self-driving cars will be actively socially and environmentally harmful. So a crisis which delays innovation by a few decades would be useful.
Cheap fossil fuel prices + people incentivized to drive more because commuting from exurban ratholes becomes easy isn’t great. Plus the privacy aspects have not been sorted.
As far as America, I have no particular love for the place as a whole, though I do like certain parts of it.
January 12, 2016 at 6:57 PM #793174FlyerInHiGuestParty pooper. spdrun.
At least you’re honest. Love is not the point. Aren’t you glad that serendipity put you here and you’re doing well? I mean in comparison to other people around the world.
I don’t get people who live in fear, people who want to erect barriers and ban Muslims. I just read that a Cato report said that if we did away with visa restrictions, we could boost travel and tourism by $90 billion to $125 billion per year. To offset job losses from automation, we need to grow sectors like leisure and entertainment. More enjoyment for all — win win.
January 12, 2016 at 7:06 PM #793175spdrunParticipantI love quite a few parts of the US. It’s hard to love all parts of a country almost the size of Europe. My patriotism is local and to individual people. Maybe even global. It’s the middle part, trying to worship something the size of the US that I don’t know all parts of, that I can’t seem to wrap around.
I love the principles it’s claimed to be founded on. Minus crap like the 3/5 rule, etc.
I hate that people twisted those principle to disadvantage certain other people.
I hate that our media seems to be feeding paranoia and war fever worldwide.
The visa question? I think borders should eventually disappear, but it will be a long road. I have no problem with visas and some level of vetting, but the restrictions should be reasonable, not born of knee jerk fear.
January 12, 2016 at 7:12 PM #793176FlyerInHiGuest[quote=spdrun]I love quite a few parts of the US. It’s hard to love all parts of a country almost the size of Europe.
I love the principles it’s claimed to be founded on. Minus crap like the 3/5 rule, etc.
[/quote]Makes perfect sense to me. You’re better in touch with your own feelings. So much superior to those who claim to love unconditionally but are full of anger and fear.
Open question here. Can you have angry love? Or is love necessarily sunny?
January 12, 2016 at 7:17 PM #793177spdrunParticipantMaybe it’s easier to be angry at something you love if it doesn’t meet expectations. If you don’t love it, it’s not as easy to be disappointed.
January 13, 2016 at 8:23 AM #793193poorgradstudentParticipantWe’re in the late stages of the economic recovery part of the cycle. This tends to be good for wages and bad for the stock market (after all, those rising wages eat into profit margins).
I’m personally extremely optimistic about my own economic situation, but that’s based on working for a growing company and the fact I just refinanced my mortgage and will be paying $250 less a month.
January 13, 2016 at 8:25 AM #793194poorgradstudentParticipant[quote=spdrun]
Also, I think some of the innovations coming out of Sillycu*t Valley like self-driving cars will be actively socially and environmentally harmful. So a crisis which delays innovation by a few decades would be useful.
[/quote]Well, arguably self-driving cars will operate in a more fuel efficient manner. The dunce behind the wheel constantly pushing the gas pedal and brakes during bumper-to-bumper traffic really isn’t getting peak efficiency.
From what I’ve heard there’s a real potential to reduce accidents… because self-driving cars drive slower and more carefully than manually driven cars. And that’s exactly why I’m not sure they will catch on. People WANT to drive dangerously, but that’s a huge liability for manufacturers.
January 13, 2016 at 8:53 AM #793195FlyerInHiGuestI used to be into cars when I was younger but I have outgrown that.
I look forward to self-driving cars as transportation.I believe they will catch on, if urban planners put their weight behind them. So many opportunities with the new technology. We could change the face of our cities.
January 13, 2016 at 9:10 AM #793196spdrunParticipantYeah, it would make Robert Moses’s and Frank Lloyd Wrong’s ideas about car based sprawlfests finally viable. What’s the point of dense cities, transit, or even walking when a self-driving sensory-deprivation isolation-box will take you from door to door while you get fatter?
Fossil fuel non-use is best achieved by electric cars (for short distances) and rail for medium distances. A lot easier to power a vehicle over longer distances if you don’t need batteries.
Actually, electric rail + autonomous or semi-autonomous electric cars available for rent ubiquitously would be ideal. But Americans won’t go for it as long as gas prices are cheap. So we’ll end up with self-driving fossil-fool cars burning more energy since people will find it convenient to use them more.
AMERICA! YEAH!
We should be concentrating on hypergrids to move solar energy around the globe (sun always shines somewhere), not on the latest fart app or better ways to burn more fossil fool. But that’s long-range thinking, and there’s no easy money in that.
In a way, it’s a shame that the UN is not more powerful and that we can’t have world government implementing giant projects of that type for the benefit of all humanity.
January 13, 2016 at 9:31 AM #793199FlyerInHiGuestI think that you’re wrong. Density will become the norm because you no longer have to worry about parking in the city. Call a self-drive car when you need one. Take mass transit for daily commuting.
In my shopping in a new urban area like Vegas, I marvel at how easy it is to buy bulky items and bring them home in America, thanks to the car. Self drive cars will bring the convenience of cars to the cities and do away with expensive parking garages and development based on parking-per-inhabitant which is prevalent in urban planning.
NIMBYs would have a harder time complaining about traffic and pollution in their opposition to big, dense development.
January 13, 2016 at 11:09 AM #793208spdrunParticipantI think that you’re wrong. Density will become the norm because you no longer have to worry about parking in the city. Call a self-drive car when you need one. Take mass transit for daily commuting.
Don’t we already have that with taxis/Uber/buses/subways? All of these can be improved, but a lot of people don’t want to sit in a seat that’s just been sat in…
January 13, 2016 at 11:26 AM #793209The-ShovelerParticipantWhat came first the suburb or the city?
In SoCal it was most likely the suburb.January 13, 2016 at 11:38 AM #793211no_such_realityParticipant[quote=spdrun]
I think that you’re wrong. Density will become the norm because you no longer have to worry about parking in the city. Call a self-drive car when you need one. Take mass transit for daily commuting.
Don’t we already have that with taxis/Uber/buses/subways? All of these can be improved, but a lot of people don’t want to sit in a seat that’s just been sat in…[/quote]
No we don’t. Public transit today is either horribly inconvenient or horribly expensive. In Orange County, a taxi is $2.75 per mile. And Metrolink while ‘affordable’ on a monthly basis for getting to downtown LA, is extremely time constrained.
My car is a capital sink but with regular use, averages less than 50 cents per mile and goes whenever I want.
A self driving taxi fleet has the potential to push the cost per mile with a ‘profit’ for the fleet down.
January 13, 2016 at 11:52 AM #793212FlyerInHiGuest[quote=spdrun]
I think that you’re wrong. Density will become the norm because you no longer have to worry about parking in the city. Call a self-drive car when you need one. Take mass transit for daily commuting.
Don’t we already have that with taxis/Uber/buses/subways? All of these can be improved, but a lot of people don’t want to sit in a seat that’s just been sat in…[/quote]
With zoning, urban planners require so many parking spaces before a project can be built. With on call self drive, you no longer need the parking spaces.
Better off people always want a car, even in the city. On call self drive does away with that. The pedestrian villages of the past can become reality again, except everything will be clean and modern.
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